Depositing funds; permissible institutions and accounts

Ind. Code § 28-6.1-8-10
in effect
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Sec. 10. A savings bank may deposit its funds in: (1) a federally chartered savings association; or (2) a savings association or other entity organized and operated according to federal law or the laws of a state or the District of Columbia; the accounts of which are insured by the Federal Deposit Insurance Corporation. As added by P.L.42-1993, SEC.72. Amended by P.L.79-1998, SEC.72; P.L.89-2011, SEC.45.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

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